IRIS Accounts Production
v19.1.1.57
10859337
Board of Directors
11.7.17
31.12.18
31.12.18
27.6.19
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Auditors Opinion
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REGISTERED NUMBER:
10859337
(England and Wales)
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Financial Statements for the Period 11 July 2017 to 31 December 2018
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Notes to the Financial Statements
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3
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REGISTERED OFFICE:
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1350-1360 Montpellier Court
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REGISTERED NUMBER:
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10859337 (England and Wales)
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SENIOR STATUTORY AUDITOR:
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Charles Hinitt FCCA
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AUDITORS:
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Charles Hinitt & Associates Limited
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Chartered Certified Accountants &
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Amounts falling due within one year
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2,189,393
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NET CURRENT LIABILITIES
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(1,205,084
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) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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4,516,796
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Amounts falling due after more than one
year
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4,009,646
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Called up share capital
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1
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The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on
27 June 2019 and were signed on its behalf by:
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Sedgwick Wind Limited is a
private company, limited by shares , registered in England and Wales. The
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company's registered number and registered office address can be found on the Company Information page.
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Basis of preparing the financial statements
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These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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Investments in subsidiaries
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Investments in subsidiary undertakings are recognised at cost.
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Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to
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the extent that it relates to items recognised in other comprehensive income or directly in equity.
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Current or deferred taxation assets and liabilities are not discounted.
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
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substantively enacted by the balance sheet date.
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
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those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
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have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
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will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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The directors have a reasonable expectation that the company has adequate resources to continue in operational
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existence for the foreseeable future. For the immediate future the company will rely on the continuing support of
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its parent company, Sedgwick Trading Limited. Accordingly these financial statements have been prepared on
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Basic financial instruments are recognised at amortised cost.
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Non-basic financial instruments are initially recorded at cost and thereafter at fair value with changes recognised
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3.
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FIXED ASSET INVESTMENTS
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Information on investments other than loans is as follows:
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At 31 December 2018
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5,721,880 |
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At 31 December 2018
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5,721,880 |
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The following secured debts are included within creditors:
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The loan from Clydesdale Bank PLC is secured by a fixed and floating charge over all of the property and
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undertakings of Sedgwick Wind Limited, and was registered at Companies House on 27 October 2017.
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Under FRS 102, derivative financial instruments are classified as 'other financial instruments' and are recognised
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as a financial asset or liability at fair value when an entity becomes party to the contractual provisions of the
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6.
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DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006
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The Report of the Auditors was unqualified.
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Charles Hinitt FCCA (Senior Statutory Auditor)
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for and on behalf of
Charles Hinitt & Associates Limited |
7.
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RELATED PARTY DISCLOSURES
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
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Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
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transactions with wholly owned subsidiaries within the group.
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The controlling party is Sedgwick Trading Limited.
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The company has no ultimate controlling party.
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